If your loan has been referred to our office for collection purposes, please call us at 913-663-7600 or email us at LossMit@SouthLaw.com to discuss the options available to you.

If you are interested in purchasing a property at a foreclosure sale, please note that all opening bids are posted on our web site as soon as they are known. Our office has no specific information regarding the individual properties listed in the report.

Corporate Office
South & Associates, P.C.
6363 College Blvd., Suite 100
Overland Park, KS 66211 (Map It)
Phone: 913.663.7600
Fax: 913.663.7899

Additional offices located in St. Louis, MO; Wichita, KS; and Omaha, NE

Many lenders provide alternative solutions (known as loss mitigation) for qualified borrowers to resolve defaulted loans. Your lender may have a special loss mitigation program to fit your situation that could stop the foreclosure. Common loss mitigation options include, but are not limited to, the following:

• Reinstatement: A curing of a default and restoration of the loan to current status through payment of past-due amounts together with any additional fees and expenses.

• Forbearance Agreement/Repayment Plan: An agreement between the lender and borrower where the lender agrees to stop the foreclosure and the borrower agrees to a payment plan that will, over time, bring the loan current. It is primarily used when borrowers have a temporary financial hardship.

• Loan Modification: Typically a loan modification results in a permanent change to the existing loan documents due to the borrower’s long-term inability to repay the loan. Lenders may agree to reduce the interest rate, extend the length of the loan, change the payment options, or change the type of the loan to resolve the default.

• Deed in Lieu of Foreclosure: The lender will release the borrower from their mortgage obligations in exchange for the deed of the property.

• Short Sale: The lender may accept less than the full amount of the loan if the borrower is able to sell the property.

For more information about the alternatives to foreclosure, please call our Loss Mitigation Department at 913-663-7600 or email us at LossMit@SouthLaw.com.

Important Note: Contacting our office will not suspend the obligation to make payments. We will continue all collection and foreclosure efforts unless and until we receive final confirmation that a loss mitigation program has been completed, or until we are directed by the loan servicer to cease our efforts.